Liquidia affiliate plans $2.27M sale of 29,534 shares

Liquidia Corporation (LQDA) reports a planned sale of up to 29,534 shares of common stock through Morgan Stanley Smith Barney LLC, with an indicated aggregate market value of $2,269,380.75.

Rhea-AI Filing Summary

Liquidia Corporation (LQDA) reports a planned sale of up to 29,534 shares of common stock through Morgan Stanley Smith Barney LLC, with an indicated aggregate market value of $2,269,380.75. Shares outstanding were 89,508,891; this is a baseline figure, not the amount being sold. The sale is expected around 08/17/2026 on NASDAQ. The shares relate to vested equity awards, including Performance Shares and Restricted Stock. In the past three months, an affiliate, Rajeev Saggar, sold 9,926 common shares for $709,782.87.

Key Figures

Planned shares to be sold: 29,534 shares Aggregate market value of planned sale: $2,269,380.75 Shares outstanding: 89,508,891 shares +5 more

8 metrics

Planned shares to be sold 29,534 shares Common stock to be sold through Morgan Stanley Smith Barney LLC

Aggregate market value of planned sale $2,269,380.75 Indicated value of 29,534 common shares

Shares outstanding 89,508,891 shares Common shares outstanding as referenced in the Form 144

Expected sale date 08/17/2026 Estimated date for proposed sale of 29,534 shares

Past 3 months shares sold 9,926 shares Common shares sold by Rajeev Saggar on 07/13/2026

Value of past 3 months sale $709,782.87 Proceeds from 9,926 shares sold on 07/13/2026

Performance Shares grant 06/03/2025 10,057 shares Performance Shares listed as securities to be sold

Restricted Stock grant 04/11/2026 4,946 shares Restricted Stock listed as securities to be sold

Key Terms

Form 144, Performance Shares, Restricted Stock, Securities To Be Sold

4 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Performance Shares financial

"Common | 06/03/2025 | Performance Shares | Issuer"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Restricted Stock financial

"Common | 04/11/2026 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Securities To Be Sold regulatory

"144: Securities To Be Sold"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Liquidia (LQDA) disclose in this Form 144 filing?

Liquidia discloses a proposed sale of 29,534 common shares by an affiliate, with an indicated value of $2,269,380.75. The shares stem from equity awards such as Performance Shares and Restricted Stock and are expected to be sold on NASDAQ around 08/17/2026.

How many Liquidia (LQDA) shares are planned for sale and what is their value?

The filing indicates a planned sale of 29,534 shares of common stock with an aggregate market value of $2,269,380.75. These shares are associated with prior equity grants and are separate from the total 89,508,891 shares outstanding.

When is the proposed sale of Liquidia (LQDA) shares expected to occur?

The proposed sale of the 29,534 Liquidia common shares is expected around 08/17/2026. This timing applies to sales through Morgan Stanley Smith Barney LLC on NASDAQ, as disclosed in the Form 144 filing.

What prior stock sale activity by an affiliate of Liquidia (LQDA) is reported?

The filing reports that affiliate Rajeev Saggar sold 9,926 Liquidia common shares on 07/13/2026 for total proceeds of $709,782.87. This transaction occurred within the three-month period preceding the planned Form 144 sale.

What is Liquidia’s (LQDA) share count context in this Form 144?

Liquidia states that 89,508,891 shares of common stock were outstanding. This figure provides context for the company’s total equity base and is not the amount being sold under the Form 144, which covers 29,534 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/17/2026 - 05:01 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001935638
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	LIQUIDIA CORPORATION
SEC File Number	001-39724
Address of Issuer	419 Davis Drive, Suite 100 Morrisville, NORTH CAROLINA 27560
Phone	(919) 328-4400
Name of Person for Whose Account the Securities are To Be Sold	RAJEEV SAGGAR
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	29534	2269380.75	89508891	08/17/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/03/2025	Performance Shares	Issuer			10057	06/03/2025	Not Applicable
Common	07/11/2025	Performance Shares	Issuer			1998	07/11/2025	Not Applicable
Common	10/11/2025	Performance Shares	Issuer			1997	10/11/2025	Not Applicable
Common	01/11/2026	Performance Shares	Issuer			2001	01/11/2026	Not Applicable
Common	04/11/2026	Performance Shares	Issuer			1998	04/11/2026	Not Applicable
Common	07/11/2026	Performance Shares	Issuer			1881	07/11/2026	Not Applicable
Common	04/11/2026	Restricted Stock	Issuer			4946	04/11/2026	Not Applicable
Common	07/11/2026	Restricted Stock	Issuer			4656	07/11/2026	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
RAJEEV SAGGAR 419 Davis Drive, Suite 100 Morrisville, NC 27560	Common	07/13/2026	9926	709782.87

144: Remarks and Signature

Remarks
Date of Notice	08/17/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Rajeev Saggar
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)